World News
BUNKER PRICES: G20-VLSFO Index Slips to Three-Day Low
Bunker prices mostly fell at ports around the world on Wednesday, with global average VLSFO prices dropping to its lowest level in three days.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3/mt to $490/mt on Wednesday, reaching its lowest level since November 14.
The G20-HSFO Index slipped by $1.50/mt to $417.50/mt, while the G20-MGO Index advanced by $17.50/mt to $821.50/mt.
ICE Brent crude futures sank by $1.38/bl to $63.51/bl on Wednesday.
VLSFO prices at the top four ports were mixed in direction. At Singapore prices rose by $1/mt to $466/mt, at Rotterdam they lost $9/mt to $425.50/mt, at Fujairah they declined by $9/mt to $455/mt, and at Houston they jumped by $0.50/mt to $436/mt.
On Thursday morning Brent crude futures were trading up by $0.51/bl from the previous session's close at $64.02/bl as of 9:42 AM in London. In metric tonne terms that would be equivalent to a $3.84/mt rise in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 433.50 | 3.50 | 655.50 | 11.00 |
| Rotterdam | 402.00 | 1.50 | 635.50 | 3.00 |
| Houston | 427.50 | 4.00 | 629.50 | 4.50 |
| Fujairah | 427.00 | 0.50 | 718.00 | 1.50 |
| Global 20 Ports Average | 466.00 | 3.50 | 744.00 | 1.00 |
| Global 4 Ports Average | 422.50 | 2.50 | 659.50 | 5.00 |
| Global Average Bunker Price | 515.00 | 3.00 | 786.00 | 0.50 |
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